Flexible Capital Policy through Reductions in Stated Capital and Capital Reserves
First written in FY2024-Q1. 2 of 3 entries say "Restated". Latest entry: FY2024.
13 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The decrease in stated capital during the cumulative third-quarter period of the 21st fiscal year was due to the capital reduction dated 31 October 2023.」
The reduction in capital resulting from the capital reduction dated 31 October 2023 continues to be explained. - FY2024-Q3RestatedAnnual report
「The decrease in stated capital during the cumulative third-quarter period of the 21st fiscal year was due to the capital reduction dated 31 October 2023.」
The reduction in capital resulting from the capital reduction dated 31 October 2023 continues to be explained in the notes to the key indicators. - FY2024-Q1AchievedAnnual report
「To realize its future growth strategy, the company will reduce the amounts of stated capital and capital reserves and transfer them to other capital surplus pursuant to Article 447, Paragraph 1 and Article 448, Paragraph 1 of the Companies Act. The purpose of the capital reduction is, as part of its financial strategy, to achieve agile and flexible capital management and maximize shareholder returns with a view to increasing corporate value over the medium to long term.」
Following a resolution at the shareholders' meeting held on 27 September 2023, the capital reduction took effect on 31 October 2023. Of the ¥235,400 thousand in stated capital, ¥185,400 thousand was reduced, leaving ¥50,000 thousand, and the entire ¥225,400 thousand in capital reserves was reduced to ¥0 and transferred to other capital surplus.